Cybercrime cost world economy more than $600 billion; Intellectual Property & banking sector prime targets

Cybercrime cost world economy more than $600 billion; Intellectual Property & banking sector prime targets

Washington: The scope of the threats in the cyberspace is increasing by the day and the cybercrimes have costed the world economy to the tune of $600 billion. In rupee terms, this is an astronomical equivalent of ₹40 lakh crore. The leading US think tank, ‘Centre for Strategic and International Studies’ (CSIS) and the cyber […]

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China’s ‘One Belt One Road’ project is a danger to the world economy, warn economists.

China’s ‘One Belt One Road’ project is a danger to the world economy, warn economists.

Beijing : Economists have warned that Chinese President Xi Jinping’s ambitious ‘One Belt One Road’ Project is posing a danger to  the global financial system. Government banks of China are trying to raise funds to be issued as loans to the deprived and potentially dangerous countries. Economist Xu Chenggang and Bjorn Conrad have raised their […]

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The condition of the Iranian economy will worsen furthermore than the Iraq wartime, warns Iranian President Rouhani

The condition of the Iranian economy will worsen furthermore than the Iraq wartime, warns Iranian President Rouhani

Iranian President Hassan Rouhani expressed a concern that the Iranian economy has become sick because of the new sanctions imposed by the United States and to recover from this all the political parties have to come together; otherwise, Iran will be faced with a much worse condition, than the one faced after the Iraq war. […]

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US-China trade war threatens global economy: International Monetary Fund

US-China trade war threatens global economy: International Monetary Fund

Washington: ‘The International Monetary Fund feels that the trade tensions should be resolved to the satisfaction of everyone. It assumes significance against the background of the currently raging US-China trade war, as it has threatened the global economy,’ the IMF chief Christine Lagarde warned. At the same time, she cautioned both, the United States and […]

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The Iranian economy will collapse due to the new US sanctions, warns the International Monetary Fund

The Iranian economy will collapse due to the new US sanctions, warns the International Monetary Fund

Dubai: Deterrent effects of the US sanctions are apparent in the Iranian economy. The crisis in the Iranian economy will continue for the second consecutive year and by this year-end inflation will reach 40%, warned the International Monetary Fund (IMF). IMF has claimed in its annual report that the harsh US sanctions against the Iranian […]

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World Bank and International Monetary Fund launch experimental Cryptocurrency

World Bank and International Monetary Fund launch experimental Cryptocurrency

Washington: The world is moving from currency to cryptocurrency. The economists are claiming that cryptocurrency will be the future of the world. Reports of some countries moving towards cryptocurrency, also have been published. It has also been revealed that leading financial institutions and banks are seriously considering the use of cryptocurrency. But now the World […]

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Major decline in Chinese economy, downfall in the stock market along with import-export

Major decline in Chinese economy, downfall in the stock market along with import-export

Beijing: Against the background of the trade talks with the United States and the parliamentary session, it has been observed that the economy has received major shocks. Exports, the mainstay of the Chinese economy, have recorded a decline of 20% in February and imports, trade profits and stock markets also have been hit severely. While […]

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China failed to provide impetus to the slowing economy; claims financial institution JP Morgan

China failed to provide impetus to the slowing economy; claims financial institution JP Morgan

Beijing: Leading financial institution JP Morgan has alleged that China, the second largest economy of the world to have slowed down and all the efforts of the Chinese government to provide an impetus have failed. Over the last month, all the indices evaluating the Chinese economic progress have shown negative results. This negative picture of […]

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Ransomware attacks will cost the world $193 billion, warns a report from the Cyber Risk Management project

Ransomware attacks will cost the world $193 billion, warns a report from the Cyber Risk Management project

London: A global report warns that the ransomware received through emails and demanding ransom after targeting the computers, can cost the world nearly $193 billion. The report also claims that more than 600,000 companies are vulnerable to significant financial losses due to these ransomware attacks. The statistics published by the US Company Cybint, only last […]

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26 super-rich have more wealth than 50% of the worlds poor population; Oxfam claims this horrible disparity is nurturing discontent

26 super-rich have more wealth than 50% of the worlds poor population; Oxfam claims this horrible disparity is nurturing discontent

Washington: International voluntary organisation Oxfam claimed, ‘While four billion people of the world are lurking in the ditch of poverty, two billionaires are being added to the world every day. This situation,deteriorating day by day, becomes an indication of the increasing disparity in the international economy. This is nurturing frustration, anger and discontent in the […]

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